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You got a personal loan in your name and the money was to help a friend out the loan company wanted collateral friend put her car title up but defaulted I paid the loan in full and have her title?

Roger Moore

in Student Loans

1 answer

1 answer

Zach Chandler on January 23, 2019

Laws that govern property vary from state to state. In general, however, it is not automatically your car to pay off the loan. You would probably need to have made an agagreement with the friend, verbally, or better, in writing, at the time of the loan or at the time you began making payments. If you didn't do that, you are probably out of luck. You can sue the friend for the amount of the payments made or you can sue your friend for the car, I hope you have documentation of the payments, you will need something to show the payments made.

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